Taffy's journal

[Taffy]

Hi

my first aims trade a loss of 5 pips on a demo account.

Aligator asleep 1 and 5M
AO at zero
Red dot 0.1 pips above aims box (I was sure when set up it was clearly inside not sure as candles formed box size reduced?)
Purple line in the middle of aligator and mouth opened to go short with aligator below purple when entered trade
Set sell stop at 1 pip below
Aims box was tight at about 1 pips but set SL at 5

I should have exited on blue dots and there was a bit of tennis happening with blue and red dots before the candle hit my SL. The candles when asleep were tight and the aims box was 4 pips max while sleeping and less than 1 pip before entering the trade. Does this make a difference ie no volume/volatility in the market

Appreciate feedback

Geraint

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[immy]

Hi

Congratulations on starting your journal. I'm just about to sleep so cannot comment too long, but I cannot stop my self from saying this, you've ignored 7, Seven exit signals.

Will comment tomorrow hopefully! (its not a criticism)! :-bd

[Taffy]

Thanks Immy. Agree and will not happen again even in a demo [-x

5 blue dots, should have taken the first
aligator went to sleep
allowed awake aligator to cross purple line, long set up (or bull candle broken aims box before aligator above purple)

Geraint

[Taffy]

Second trade

on blue dot placed pending to go long which broke and new aims formed, and entered a second pending order which also got ccepted. My initial stop was less than 5 pips and my second was tight (Total risk was 2%). As first position got to break even I moved the SL on both about 5 pips away which was where the edge of the blue jaw line intersected with the aims box. I kept doing this until signal to exit. Made 0.6% in demo account and was not the best market today as has been flat and probably will only enter one position at this time. this trade more about the practice and using correct signals and sticking to the rules

Geraint

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[immy]

HI Taffy

Looks good entry to me. and a nice add on. Ofcourse you would have to use correct MM for add-ons and I'm sure you'd remember to only Add to a Trend to get more juice out of it and not to add to chops. When we add on we get more out of what we are in. If its a trend we get more trend and if its a chop ( more chop your way!

Happy Tradin'

[Taffy]

Ok back to give AIMS a go as I have been using other systems for my trading, which will continue at the same time. Going to trade the 15M this week and see how they go, and maybe get into a few 30 and 1H Tfs also. Looking forward to getting in some serious runs!

[Taffy]

Time to reassess my trading and get help from the AIMs community. Been using too many systems or indicators and not getting good entries, and need to get back on tract with a system I can repeat time and time again. Also lost my confidence which reading the rules should be not so much about my emotions but follow the rules/ Will post trades good and bad and keep track of my results

[immy]

HI Taffy

I can see that you were here roughly 2 years and 8 months ago. And then perhaps you jumped from system to system and back here again. Had you stayed here the last 2 years or so you'd have learned so much and become so much profecient at it. but you know what, its never too late. The only ones I've seen found success are those who remained stuck to their system and allowed themselves to grow with the system and gradually understand it the market and themselves. I hope you find what you're looking for and have great fun and eternal joy. cheers

[Taffy]

Thanks Immy.

yes would agree if you have found a system, stick with it learn it and then execute it and repeat. From catching up over the past two weeks have learn't a lot and taking it to the charts can identify wave 3 and 5 which we look for. Will commence my trading soon and post my charts. Thanks

geraint

[Taffy]

Today's trades

1st trade was a pull back and not an A class set up at the end of US market. Wave showing divergence and banked 30 pip for 2:1 trade. Fruit alerts to long and at opening of Japanese market exited my short and after formation of pin bar placed pending a few pips above, -15 pips rent. Looked like the perfect fruit set up for early entry?? Market had other ideas and looks like some stop hunting taking place taking me out before reversing